Global markets downturn hits crypto as well; BTC trading below $50K
For the second weekend in a row, markets were hit with a massive shock due to external factors. Market watchers weigh in on price movements and what to expect.
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First NFT exchange-traded fund falls in NYSE debut
NFTZ opened for trading on the NYSE in the midst of turmoil and fears of inflation and Omicron.
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Yellen clarifies anti-money-laundering reporting rules for DeFi
In written responses to questions from Sen. Pat Toomey, Treasury Secretary Janet Yellen releases non-custodial service providers from strict reporting rules.
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Indian crypto community sees silver lining after 1st week of parliamentary session
A cabinet note suggests the government intends to regulate cryptocurrencies as assets with the Securities and Exchange Board of India at the helm.
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Japan’s Astar Network winner of 3rd Polkadot parachain auction
Astar Network won Polkadot’s third parachain slot auction today. Polkadot will launch Astar Network and four other parachains on its platform on Dec. 17. Fast facts “This is a huge step for the entire Astar ecosystem, since we have been developing the network for more than 2.5 years to become a Polkadot parachain,” said Sota…
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DeFi protocol BadgerDAO suffers $120M exploit
BadgerDAO, a decentralized autonomous organization (DAO) focused on bringing Bitcoin to decentralized finance (DeFi), is the latest to suffer an exploit that was estimated to result in losses of US$120 million. Fast facts Crypto security firm PeckShield said in a Thursday tweet the total loss has amounted to at least 2,100 BTC and 151 ETH.…
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Japan’s central bank is urged to speed up its digital yen project
With economic security as a top priority, the Kishida administration anticipates the release of competing CBDCs.
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The digital yuan’s de-dollarization
Why the Federal Reserve and other major central banks are likely to speed up development of retail CBDCs.
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South Korea’s Hashed raises $200 million for Web3
Distinguished names in South Korean industry have invested in Hashed Venture Fund II to promote the Web3 ecosystem.